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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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romney initially said his disparaging remarks about the 47 percent of americans who don't pay taxes, was "not elegantly stated." but asked in an interview last night, how he would have responded if the "47 percent" comment came up during the debate with president obama. romney replied that his comment was "just completely wrong." president obama never brought up the issue during the debate. >>former vice president al gore has an explanation for the president's lackluster debate performance. he says it was the altitude. gore made the comment on his 'current t-v' channel during a panel discussion. gore said president obama had arrived in denver the day of the debate and only had hours to adjust to the altitude. mitt romney had been in denver since monday... hence giving his body time to acclamate to the difference in oxygen intake at that high altitude. the city stands a mile above sea level. >>a little girl has been reunited with her puppy, after thieves stole the dog from her home. this is the scene outside marissa. home in san jose, california. earlier this week, thieves stole thous
romney initially said his disparaging remarks about the 47 percent of americans who don't pay taxes, was "not elegantly stated." but asked in an interview last night, how he would have responded if the "47 percent" comment came up during the debate with president obama. romney replied that his comment was "just completely wrong." president obama never brought up the issue during the debate. >>former vice president al gore has an explanation for the...
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Sep 29, 2012
09/12
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as far as business, we have the highest corporate tax in the world. can adjust lower theirs down to sit -- 15%. guest: i agree that war is hell. i co-authored this book with dennis moynihan as we travel the country and broadcast from all over, bringing out these issues and engaging in discussion about what will make us safer in this country. ultimately, it is about shoring up this country. that will increase our national security. there's a deep concern i have as we covered grass roots movement around the country of seeing the wisconsin uprising that happened earlier this year -- last year that inspired occupy all over the country -- we have an act in this country that says we don't think it is a good thing for soldiers to march through the streets of this country. i think people across the political spectrum feel that way. it's interesting how the authorities have gotten around this. since 9/11, billions of dollars have gone into local police departments. they are buying tanks and drones. the level of surveillance is unprecedented. the associated pre
as far as business, we have the highest corporate tax in the world. can adjust lower theirs down to sit -- 15%. guest: i agree that war is hell. i co-authored this book with dennis moynihan as we travel the country and broadcast from all over, bringing out these issues and engaging in discussion about what will make us safer in this country. ultimately, it is about shoring up this country. that will increase our national security. there's a deep concern i have as we covered grass roots movement...
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Oct 5, 2012
10/12
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KOFY
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are you going to tax people ♪ if [ singing] bring down rates double down on the top down. simplify the code ♪ double double down. >> on the base. >> all over the internet as you can imagine. pretty clever. take as lot of work all right. >> on that note we move on and leave the debate behind. one final word. up next. scottish man dies and when he does he take the town whole language take the town whole language with him. 7 news >> in new jersey a mother and 5 chilen arekayfterumping toafetfrom the trd sty apartmenflamesraed th inside. t terfying mont we allaught on tape. here's the oldest one describe wagon happened. >> i jump out the window right there and landed right here on the awning and fell out rate here and help my family. >> people start coming. >>reporter: those people helped catch the rest of the family as you can see. first came 14-year-old girl tn th 8 and 9-yeaold then the year-old whoumped while holding on to her mother. amazing. family suffered bruises strains couple broken toe but obviously it could have been so much worse. >> contra costa county courts a
are you going to tax people ♪ if [ singing] bring down rates double down on the top down. simplify the code ♪ double double down. >> on the base. >> all over the internet as you can imagine. pretty clever. take as lot of work all right. >> on that note we move on and leave the debate behind. one final word. up next. scottish man dies and when he does he take the town whole language take the town whole language with him. 7 news >> in new jersey a mother and 5 chilen...
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Oct 6, 2012
10/12
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better employment. it is a start, but not a great report. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc...
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Oct 6, 2012
10/12
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buildings and properties in the city which don't pay taxes but use our services and use our roads, put the stress or extra burden on property taxpayers. that is part of the burden they have to bear for being the capital city and some times what the state wants to do doesn't necessarily follow the typical ordnances most businesses and residents have to comply with. city ordinances don't necessarily apply to the state so it can be a fraction point but we try to work through those things and understand the benefits of being the capital city far away from the down side that we have to deal with but the biggest challenge is always jobs and that is true of any community. you have seen what we have to offer. it is a vibrant community and there's a lot going on and a brand-new hospital coming online and brand new courthouse that is a $15 million project and the commerce center down the road that is the major construction. we are going to have a big construction project on the interstate that will make traffic move better and commercial development going on in this city and in the census we gai
buildings and properties in the city which don't pay taxes but use our services and use our roads, put the stress or extra burden on property taxpayers. that is part of the burden they have to bear for being the capital city and some times what the state wants to do doesn't necessarily follow the typical ordnances most businesses and residents have to comply with. city ordinances don't necessarily apply to the state so it can be a fraction point but we try to work through those things and...
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Oct 5, 2012
10/12
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down. he was enduring the debate, rather than fighting it. >> reporter: president obama could have new worries today when the monthly job numbers come out. economists predicted the unemployment rate could go from 8.1% to 8.2%. >> critical numbers. tahman bradley live for us. thanks, tahman. >>> and one other campaign note this morning. a film dramatizing the raid that killed osama bin laden will make its debut just two days before the election. the national geographic channel denies there was any political motivation. it says the air date was chosen to kick off the fall season. >>> american airlines is cancelling or dela
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down....
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Oct 4, 2012
10/12
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MSNBC
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Oct 1, 2012
10/12
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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Oct 2, 2012
10/12
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more for taxes and for your medicine. >> reporter: campaign staffers say he has lowered taxes and his claim is mostly true, both candidates are spending the day off the campaign trail practicing for tomorrow's big day. mitt romney is softening his stance on a key immigration issue and now he is saying he will honor temporary work permits, allow them to stay in the united states because of president barack obama's recent executive order. reporting live from washington d.c., allison burns, ktvu channel 2 morning news. >> don't forget, we will bring you the coverage live and the debate will be followed by a special addition of our ktvu news. >>> and they are warning about identity theft after several male thefts were reported in novato. 2 dozen mailboxes were reported on school road and crest road. the mail stolen included personal checks, credit cards and other items containing financial information. if you have any information about these thefts, get in contact with the police. >>> in berkeley, get in contact with the city lie -- sit-lie ordinance where people would be banned during ce
more for taxes and for your medicine. >> reporter: campaign staffers say he has lowered taxes and his claim is mostly true, both candidates are spending the day off the campaign trail practicing for tomorrow's big day. mitt romney is softening his stance on a key immigration issue and now he is saying he will honor temporary work permits, allow them to stay in the united states because of president barack obama's recent executive order. reporting live from washington d.c., allison burns,...
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Sep 28, 2012
09/12
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we do have a lot of the people paying payroll taxes and social security taxes, and it's. an uphill struggle. it's a tippingpoint we've crossed the tippingpoint and it will be an uphill struggle to send that tax burden to everybody. >> i agree with you, but it's possible. stuart: you got the last word. thanks indeed. see you. could smith electric be the new solyndra? government-backed green energy company, smith electric that the president visited is now on the verge of failure. we'll talk to the chief executive officer. this is what mr. obama said when he visited the country's factory. >> one of those was to provide critical funding to promising innovative businesses like smith electric vehicles. and because we did, there's a thriving enterprise here instead of an empty, darkened warehouse. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? y
we do have a lot of the people paying payroll taxes and social security taxes, and it's. an uphill struggle. it's a tippingpoint we've crossed the tippingpoint and it will be an uphill struggle to send that tax burden to everybody. >> i agree with you, but it's possible. stuart: you got the last word. thanks indeed. see you. could smith electric be the new solyndra? government-backed green energy company, smith electric that the president visited is now on the verge of failure. we'll talk...
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wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today. because it's clearly good news for barack obama politically if nothing else. >> not only the numbers today but the revisions for the last two months. we seem to really be on a trajectory and you know, this is going -- apparently what really matters is not the economy for the year but the economy at the moment as people approach the election. people are beginning to vote. >> the good news for barack obama there. not so good news his performance at the debate. common consensus is a bit of a turkey. >> he blew it. >> wh
wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan pounced. >> vice president biden, just today, said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney as the next president of the united states. [ applause ] >> reporter: the vice president later said that the middle class pain was due to bush policies. that romney and ryan want to repeat. the debate symbolizes a problem for the president. even though the economic collapse happened under bush, four years later, families are still hurting. many in the middle class are barely treading water. all guaranteed fodder for tomorrow night's debate in denver. the first lady is making her way there. first stop in ohio. >> are you fired up? >> reporter: where early voting began today. >> are we going sit back and watch everything we worked for and fought for to just slip away? >> reporter: ann romney got to colorado before her. >> we have a debate coming up. we're excited about that. we
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan pounced. >> vice president biden, just today, said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney as the next president of the united states. [ applause ] >> reporter: the vice president later said that the middle class pain was due to bush policies. that...
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Oct 5, 2012
10/12
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brianne carter reporting. >> virginia holding a sales tax holiday on energy-efficient products. from today through monday you can save money by purchasing the sales tax exempt products that have energy star or water since designation. dishwashers, heat pumps, refrigerators. they do have to cost $2,500 or less. 5:08 61 degrees. >> growing concern over the meningitis outbreak in a number of cities -- [ harry umlaut ] i speak european you know. [ sally umlaut ] uh-huh. take this fascinating muller yogurt. frut up. means "fruit up." creamy yogurt down below. delectable, layer of fruity, moussey, uppiness on top. frut up. as the europeans say. in theheir language. wow. you really are bilingual. [ male announcer ] muller. the european for yummy. >> good morning. i meteorologist jacqui jeras on this clear start. happy friday. it's the best day of the week. we will see lots of sunshine and temperatures will be very warm. starting out with 64 degrees at reagan national, 54 at dulles and gaithersburg, 68 by the water in annapolis. mostly sunny today, less humid 77-82. that's fantastic. bu
brianne carter reporting. >> virginia holding a sales tax holiday on energy-efficient products. from today through monday you can save money by purchasing the sales tax exempt products that have energy star or water since designation. dishwashers, heat pumps, refrigerators. they do have to cost $2,500 or less. 5:08 61 degrees. >> growing concern over the meningitis outbreak in a number of cities -- [ harry umlaut ] i speak european you know. [ sally umlaut ] uh-huh. take this...
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Oct 3, 2012
10/12
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CNBC
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they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to pay up to 60% in taxes. that's their own calculations. that's to compare with 32% right now. that's the reason why they've created this movement on the internet. 23,000 fans on facebook, more than 5,000 followers on twitter. i'm not sure they're going to convince the government, but at least they managed to put the debate on the table. >> thank you very much. >>> elsewhere, ag bar has been ground an extension on their major talks. the u.s. takeover panel has given the two companies until the end of the month to decide on a potential 1.3 billion pound tie-up. meanwhile, another deadline also looms
they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to...
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Oct 5, 2012
10/12
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WMAR
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proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama didn't want to be there. >> reporter: some blamed denver's high elevation for his performance. >> when you go to 5,000 feet, and you have a few hours to adjust. >> that's interesting. >> i don't know. >> the president spent much time looking down at his podium take notes. and squandered easy opportunities to go after romney. such as this moment. >> i like pbs. i like big bird. i like you too. but i am not going to keep on spending money on things to borrow money from chon ina to p for it. a wide opening. the president took more than 14 hours to come up with a come? back. >> thank goodness, somebody is finally getting tough on big bird. it is about time.
proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama didn't want to be there. >> reporter: some blamed denver's high...
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raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> right now, we continue to follow breaking news on news 4 midday. the fbi is investigating an early morning shooting that killed a border patrol agent and injured another in arizona. it happened near the u.s./mexico border. the wounded agent was air lifted to the hospital and is expected to survive. >>> president obama and mitt romney are preparing for their first debate. the president is in nevada. his rival in denver, where tomorrow's debate will take place. runni innin inning mates come p battleground states. paul ryan wrapped up an event in clinton, iowa. s american airlines customers are dealing with unhappy pilots. seats broke mid flight. >> the passenger seats came loose out of the floor. >> eight planes grounded after three incidents where an
raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> right now, we continue to follow breaking news on news 4 midday. the fbi is investigating an early morning shooting that killed a border patrol agent and injured another in arizona. it...
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Oct 4, 2012
10/12
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i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him on substance. i think he got the better of the exchange regarding the facts and the policy. but for the obama campaign to put the spokesman on and i'm sure she is doing her best and not to admit he had a bad night and to say we ought to do fact check when the fact checkers have rated obama's ads with four pinocchios. the way to do this is to say look at governor romney. smile, be gracious. don't look down and take notes while a man is talking to you. it's as simple as admitting he had a bad night. but on policy and substance i'm still voting for him. i know she doesn't believe she was sayin
i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him...
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Oct 5, 2012
10/12
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taxes, you know, economics, way over everyone's head, right? >> needed a calculator for the first 35 minutes. >> could have been in yiddish, wouldn't have understood it any belt better. >> really policy. loses people. you know you have two wonkish guys running for president. they know policy. that comes across as some one authoritative, knowledgeable. next week will be different. we have joe and mr. ryan going at it. >> that will be interesting. you think if they had britney spears as a moderator, that might have been a little more interesting, she would have broken it down, instead of jim lehrer. >> whatever it takes to keep american's attention. >>> foreign news this morning, u.n. security council is condemning syria after artillery strike on a turkish border town that killed five civilians. syria apologized. fears of cross border war triggered protests. police used tear gas and water cannons to barack reak up prote thousands. >>> struggling to put out a wildfire. the fire fueled by bone dry conditions quickly scorched 150 acres. some people
taxes, you know, economics, way over everyone's head, right? >> needed a calculator for the first 35 minutes. >> could have been in yiddish, wouldn't have understood it any belt better. >> really policy. loses people. you know you have two wonkish guys running for president. they know policy. that comes across as some one authoritative, knowledgeable. next week will be different. we have joe and mr. ryan going at it. >> that will be interesting. you think if they had...
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you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction there is, abolish them all and that adds up to $5 trillion. >> no, i don't agree with you on that. the tax policy center you're referring to is incomplete and they've revised it since then. >> i'm not just referring to that analysis. >> governor romney did talk about how he would eliminate some deductions. he would have a bucket that he would fill up. >> what was he saying was in that bucket? let's make up a number. here is what the number is. >> he said it could be $50,000, if you capped deductions at $50,000, you're not even in the ballpark of $5 trillion. >> it was not a specific what are the actual loop holes. i think that wa
you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction...